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Nasdaq QQQ Facing 10 Year Old Trendline Resistance

|Includes:QID, PowerShares QQQ Trust ETF (QQQ)

I noted trendline resistance faced by the S&P yesterday. Today, we look at Nasdaq's QQQ ETF which appears to be facing trendline resistance of its own that dates back over 10 years.

(click to enlarge)Click to enlarge

Stocks: QQQ, QID